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Showing 461 - 470 of 1134 results for "Representatives"

Argo Investments attacks Labor franking policy

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
... "deeply concerned" with the policy and its implications. Higgins confirmed Argo made a submission the House of Representatives Standing Committee on Economics inquiry into the implications of Labor's policy, which strongly voices the objections of the ...

ANZ chief says remediation is "distracting"

KARREN VERGARA  |  FRIDAY, 12 OCT 2018
... "distraction" and at one point took up to 15 years to compensate some customers. This morning, Elliott told the House of Representatives Standing Committee on Economics in Canberra that it was one of the two major banks that admitted to ASIC it viewed ...

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
... Canberra to face questioning over the findings published in Commissioner Kenneth Hayne's interim report. The House of Representatives Standing Committee on Economics will commence its next round of public hearings on October 11, 12 and 19. The hearings ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... benefits continue to reduce to zero?" they asked. Banning conflicted remuneration may be sufficient to ensure sales representatives do not use inappropriate sales tactics when selling financial products. Additionally, what other changes, such as more ...

AFCA membership deadline arrives

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
... issued a warning to all Australian financial services licensees, superannuation trustees and authorised credit representatives reminding them that membership to AFCA is mandatory and organisations that fail to register will be in breach of the law. The ...

Franking credits inquiry launched

HARRISON WORLEY  |  THURSDAY, 20 SEP 2018
... launched to examine the implications of Labor's policy to remove refundable franking credits. The House of Representatives Standing Committee on Economics will investigate the implications of removing refundable franking credits. The review comes ...

ASIC takes Dover, McMaster to court

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
... available to clients and created a significant imbalance in the rights and obligations of Dover and its authorised representatives compared to clients. The policy sought to protect the interests of Dover's and its advisers, avoiding liability for ...

Dealer groups lift due diligence post Dover

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
The sudden closure of Dover Financial Advisers saw a mad scramble by authorised representatives to secure alternative licensing arrangements. Hundreds were successful in doing so before the July 6 deadline, but latest ASIC Financial Adviser Register ...

ASIC marks AFCA milestone

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... complain to the independent assessor. Under statutory requirements, all financial firms including most credit representatives that deal with retail clients must join the AFCA scheme by 21 September 2018. Almost all Financial Ombudsman Scheme members ...

Life insurers admit to misconduct: Royal Commission

HARRISON WORLEY  |  MONDAY, 10 SEP 2018
... commission first heard of in the second round hearings covering financial advice. The practice involves authorised representatives recommending a client cancel their existing AMP life insurance policy and purchase a new AMP life policy, enabling the ...